TotalEnergies (NYSE:TTE) PT Lowered to $75.00

TotalEnergies (NYSE:TTE) had its price target dropped by equities research analysts at Scotiabank from $80.00 to $75.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 9.84% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Wolfe Research initiated coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Barclays raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Stock Performance

Shares of TTE stock opened at $68.28 on Thursday. The company has a market capitalization of $161.24 billion, a P/E ratio of 7.74, a P/E/G ratio of 1.85 and a beta of 0.63. The business’s 50 day moving average is $67.80 and its two-hundred day moving average is $69.39. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. TotalEnergies has a 12-month low of $62.59 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The business had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same quarter in the prior year, the company posted $1.99 EPS. Analysts expect that TotalEnergies will post 8.34 EPS for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

Institutional investors have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. lifted its position in TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after buying an additional 310 shares in the last quarter. Larson Financial Group LLC raised its position in TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the period. Pathway Financial Advisers LLC purchased a new stake in TotalEnergies in the first quarter valued at $29,000. Creekmur Asset Management LLC purchased a new stake in TotalEnergies in the fourth quarter valued at $31,000. Finally, Boit C F David purchased a new stake in TotalEnergies in the third quarter valued at $32,000. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.